I've been asked to give a status update on a long running project at a company wide meeting - the problem is no progress has been made since the last meeting. The project itself is the re-write of the employee handbook, so its not exactly time sensitive (although an update to the material is long overdue). Other, more time sensitive projects keep "bumping" it, which is why no progress has been made since the previous meeting.
Is it ok to say no progress and move on, or do I need to provide some sort of explanation?
Thanks in advance!